can someone tell me what is makegrid? i dont have a clue at all

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Hi Spider4896,
any update on your test result?
Do you mind sharing your settings of the EA?
Thanks a lot.

I noticed that the ea closed all positions last friday. Is this normal, and are you folks using this feature, or is it advantageous to manually close all positions on the friday? Thanks, Dustin

What Is The meaning Of MakeGrid ????

Would it be possible to program the grid to run in cycles? e.g. when total profit for a cycle is positive restart the grid at current price.

For example using usd/jpy set the center point to 105.67 using 10 pip steps you have the following levels :
1 - 105.57
2- 105.47
3 - 105.37
4 -105.27
5 - 105.17

Each level number corresponds to the number of orders we place at the respective level in the opposite direction. i.e. place buy limits on the negative side of the grid.

In this example price went to level 5 so we have the following negative positions:
1 lot x -40 = -40
2 lots x -30 = -60
3 lots x -20 = -60
4 lots x -10 = -40

1. The fifth level has 5 buys open and it retraces to level 4. We take profit for +50 and close the first level orders for -30 for a total of +20.

2. Price goes to level 3. Close the level 4 orders for +40 and level 2 orders which are now at -20. +20

At this point we've closed +40 pips and have 3 open orders at level 3. It may be appropriate to close the 3 orders at 0, reset the center point of the grid and reset the levels here. If we continue:

3. the prices goes back to level 4, 4 new buy orders are place, it goes back to level 3. The 4 orders close at +40, the level 3 orders are at 0 and close. +40

Attached Images

sep-poly.gif (20.0 KB, 209 views)

who can sharing the last makegrid EA?